Rick Parry is confident that Dubai Investment Capital's bid to take over Liverpool will go through.
The Premiership club have spent the past month in talks with the group regarding a reported £450million Anfield takeover.
Reds chief executive Parry confirmed the negotiations have been progressing satisfactorily and hopes a decision will be made shortly.
"A huge amount of work has been going on from both parts," Parry told Radio Five Live's Sportweek. "I imagine we'll have something concrete to say relatively soon on that.
"They are finalising all the legal work. They have been examining the books and satisfying themselves that everything is fine on that score.
"There is a lot of legal work to do and investigations going on into the funding of the new stadium, which is a very important project for us.
"It is a case of finalising the due diligence and pulling everything together, which we hope will be completed relatively quickly.
"It is looking positive and yes, I am confident."
Parry also believes that DIC are investing in Liverpool with a view to creating long-term success for the club.
He added: "They will certainly help take us to the next level. Their whole business model, with the new stadium at the centre, is based on success and that you have to invest to stay at the top.
"It's not going to be a rich man's plaything. It is not a quick fix. It is not about rushing out to buy players for success this season or next season. It is about securing a model for long-term success.
"It helps that most of the key people we have been dealing with are genuine Liverpool supporters, so they understand what we are about."